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Cricketer Yuvraj Singh debuts into retail market with guilt-free snacking brand Twiddles

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Ashutosh Dubey
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Cricketer Yuvraj Singh debuts into retail market with guilt-free snacking brand Twiddles

Cricket legend Yuvraj Singh has launched Twiddles, a brand focused on guilt-free snacking, marking his entry into the consumer goods industry. Twiddles aims to bridge the gap between taste and wellness, offering nutritionally dense snacks for health-conscious consumers.

Twiddles offers product with no preservatives or palm oil

“I believe indulgence and health can go hand in hand,” Yuvraj shared. “As an athlete, I understand the value of balanced nutrition, and with Twiddles, we’re filling a gap by offering snacks that blend rich taste with nutritional benefits, supporting a mindful approach to eating.”

Continue Exploring: FMCG giant P&G surpasses $2 Billion sales in India, growth rate slows by half

Notably, Twiddles’ initial product line includes almond, walnut, and cashew chocolate spreads with up to 70% nuts and seeds, no preservatives or palm oil, and 70% less sugar. The brand also launches date-sweetened snack bites for quick energy.

However, Yuvraj partnered with Alfinity Studios, which co-creates brands with celebrities and influencers. “Healthy or unhealthy, we all eat across the spectrum. Twiddles is here to support that balance with options that fit into any lifestyle,” he added.

Twiddles to be available on e & quick commerce, retail

Further, Kumar Gaurav, co-founder of Alfinity Studios, said, “It’s incredibly exciting to work with Yuvraj on bringing his vision to life with Twiddles. His passion for balanced indulgence is infectious, and we’re proud to co-create a brand with him that’s not just about great taste but a whole lifestyle shift.”

Continue Exploring: Armani Beauty makes Indian debut with flagship store launch in New Delhi

Meanwhile, Twiddles will be available across e-commerce, quick commerce, and retail channels in India, with plans for international expansion within six months. The brand aims to redefine snacking globally with quality, purpose-driven options.

With Twiddles, Yuvraj Singh brings his commitment to health and wellness to the consumer goods market, offering Indian consumers a new choice for guilt-free snacking. As the brand grows, its focus on balanced indulgence is expected to resonate with consumers seeking healthier options.

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Nykaa sees 66.3% profit rise to INR 12.97 Cr driven by beauty & personal care arm

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Ashutosh Dubey
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Nykaa sees 66.3% profit rise to INR 12.97 Cr driven by beauty & personal care arm

Nykaa, a major player in beauty and fashion ecommerce, saw its consolidated net profit rise by 66.3% to INR 12.97 crore in the second quarter of FY25, up from INR 7.8 crore in the same period last year. This growth was driven by strong performance in the beauty and personal care (BPC) segment.

Nykaa registers INR 1,874.74 Cr revenue from operation

According to INC42, profit fell by 4.9% from INR 13.64 crore in the previous June quarter. Revenue from operations increased by 24.4% to INR 1,874.74 crore in the reviewed quarter, up from INR 1,746.11 crore in Q2 FY24. Compared to the previous quarter, revenue grew by 7.2% from INR 1,753.44 crore.

Continue Exploring: Nykaa expands footprint with two new Luxe stores in Delhi-NCR

Meanwhile, Nykaa’s total customer base for beauty, personal care, and fashion increased by 31% year-on-year to 3.72 crore, up from 3.32 crore a year ago. Earlier this month, the company stated it expected revenue growth in the “mid-twenties” percentage range.

D2C major GMV surges to 24% YoY

Furthermore, the D2C major’s investor presentation for the September quarter showed that the company’s gross merchandise value (GMV) rose by 24% year-on-year to INR 3,652.5 crore. EBITDA increased by 29%, reaching INR 103.7 crore, up from INR 80.6 crore in Q2 FY24. Additionally, the EBITDA margin improved by 18 basis points year-on-year to 5.5%.

Founded͏͏ by͏͏ Falguni͏͏ Nayar,͏͏ Nykaa͏͏ provides͏͏ a͏͏ range͏͏ of͏͏ beauty͏͏ and͏͏ fashion͏͏ products͏͏ through͏͏ online͏͏ platforms͏͏ like͏͏ Nykaa͏͏ Fashion,͏͏ Nykaa͏͏ Man,͏͏ and͏͏ Nykaa͏͏ Superstore,͏͏ along͏͏ with͏͏ 174͏͏ offline͏͏ stores͏͏ across͏͏ the͏͏ country.

Continue Exploring: Parag Milk Foods Ltd hits INR 871 Cr in quarterly revenue with 11% volume growth in H1

Nykaa’s͏͏ house͏͏ of͏͏ brands͏͏ features͏͏ well-known͏͏ names͏͏ such͏͏ as͏͏ Kay͏͏ Beauty,͏͏ Nykaa͏͏ Naturals,͏͏ Nykaa͏͏ Cosmetics,͏͏ and͏͏ Wanderlust͏͏ in͏͏ the͏͏ beauty͏͏ segment,͏͏ as͏͏ well͏͏ as͏͏ fashion͏͏ brands͏͏ like͏͏ Nykd,͏͏ Gajra͏͏ Gang,͏͏ Likha,͏͏ RSVP,͏͏ and͏͏ Pipa͏͏ Bella.͏͏ Renowned͏͏ for͏͏ its͏͏ authenticity͏͏ and͏͏ customer͏͏ focus,͏͏ Nykaa͏͏ has͏͏ become͏͏ the͏͏ preferred͏͏ partner͏͏ for͏͏ international͏͏ brands͏͏ entering͏͏ the͏͏ Indian͏͏ market.

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FMCG giant P&G surpasses $2 Billion sales in India, growth rate slows by half

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Ashutosh Dubey
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FMCG giant P&G surpasses $2 Billion sales in India, growth rate slows by half

Procter & Gamble (P&G), the world’s biggest consumer goods company, surpassed $2 billion in sales in India, over three decades after entering the market. The Cincinnati, US-based company saw an 8% increase in sales at its Indian unit in FY24, while net profit grew by 10%.

P&G reports INR 17,429 Cr sales, profit up to INR 1,583 Cr

According to Economic Times, in the year 2023, P&G’s sales grew by 15% and profit by 26%, but this year, the growth rate has halved due to falling demand in the Indian consumer goods market after the pandemic-induced boom.

Continue Exploring: India’s LB Brewers and Taiwan’s Jim & Dad’s Brewing introduces bottle tea beer

Meanwhile, P&G India reported sales of INR 17,429 crore and a net profit of INR 1,583 crore in FY24 from its four companies: P&G Health, Gillette, P&G Health & Hygiene, and P&G Home Products. In India, P&G mainly competes with Hindustan Unilever (HUL), which is more than three times its size.

Due to its integrated growth strategy, the FMCG giant achieved balanced growth in profit and revenue despite tough conditions. Kumar Venkatasubramanian, the CEO of P&G India, said, “A focused product portfolio of daily use categories where performance drives brand choice, superiority of product performance, packaging, brand communication, retail execution and consumer and customer value, productivity to fund this superiority and innovation, constructive disruption across the entire value chain, and an agile and accountable organisation—are all aimed at delivering sustainable, balanced growth and value creation.”

Continue Exploring: Zomato introduces ‘Book Now, Sell Anytime’, allows users to resell event tickets

P&G home products registers 37% surge in profit to INR 574 Cr

Notably, P&G Home Products, the largest division of the company, which produces Tide detergent, Pantene shampoo, and Pampers diapers, reported a 37% increase in profit to INR 574 crore and an 11% growth in net sales to INR 9,413 crore last year, according to recent filings. The company holds over half the market for sanitary napkins and shaving razors and continues to gain market share despite being the leader.

Over the past two decades, P&G has invested more than INR 20,000 crore in India, making it one of their top 10 markets globally. In June 2023, the company announced plans to invest INR 2,000 crore in Gujarat to establish an export hub for healthcare products, especially digestives.

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Parag Milk Foods Ltd hits INR 871 Cr in quarterly revenue with 11% volume growth in H1

By
Ashutosh Dubey
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Parag Milk Foods Ltd hits INR 871 Cr in quarterly revenue with 11% volume growth in H1

Parag Milk Foods Limited, a leading Indian dairy company, announced its financial results for Q2 and H1 FY25, ending September 30, 2024. The company posted significant revenue and profitability growth, driven by robust volume performance in key dairy categories.

Parag Milk Foods registers 10% volume growth in Q2

“We continue to focus on delivering top-quality, innovative products catering to evolving consumer needs,” said Devendra Shah, Chairman of Parag Milk Foods. “Our highest-ever sales of INR 871 crores in revenue is a testament to growing consumer trust. We’re committed to purity, innovation, and quality.”

Continue Exploring: Zomato introduces ‘Book Now, Sell Anytime’, allows users to resell event tickets

Notably, the company’s financial performance was impressive, with Q2 revenue reaching INR 871 crore, representing a 10% volume growth and 9% value growth. Gross Profit Margin (GPM) remained stable at 23%, while EBITDA increased by 25% year-on-year to INR 76 crore. Profit After Tax (PAT) grew by 16% to INR 29 crore.

For the first half of FY25, Parag Milk Foods reported revenue of INR 1629 crore, with an 11% volume growth and 5% value growth. GPM improved by 2.6% to 24.8%, while EBITDA increased by 26% to INR 138 crore. PAT grew by 21% to INR 57 crore.

Parag ltd. dairy categories sees 17% volume increase

Meanwhile, the company’s key dairy categories, including Ghee, Cheese, and Paneer, drove growth with a 17% volume increase in Q2 and 18% in H1. Gowardhan Ghee and Go Cheese maintained market leadership with a 22% and 35% market share, respectively.

Continue Exploring: Simpli Namdhari’s introduces “Vocal for Local” to empower Karnataka’s local FMCG brands

Furthermore, Parag Milk Foods’ newer business segments, Avvatar and Pride of Cows, also showed promising growth. Avvatar, the Direct-to-Consumer brand, recorded a 98% year-on-year growth in H1, while Pride of Cows continued to expand its product range and distribution network.

“We have built this company on trust and quality, and I’m proud to see that legacy continue to grow,” concluded Shah. 

With a robust pipeline for new product developments, Parag Milk Foods aims to reach its ambitious INR 10,000 crore revenue target, driven by innovation, quality, and customer-centric products.

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India’s LB Brewers and Taiwan’s Jim & Dad’s Brewing introduces bottle tea beer

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Ashutosh Dubey
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India's LB Brewers and Taiwan's Jim & Dad's Brewing introduces bottle tea beer

Latambarcem Brewers (LB Brewers), a renowned Indian craft brewery, has partnered with Taiwan’s Jim and Dad’s Brewing Company to introduce India’s first bottled tea beer, MAKA di Oo-Long Blanche.

Taiwanese Xiangzhuang tea with Belgian Blanche brewing

This innovative collaboration brings together traditional Taiwanese Xiangzhuang Red Oolong tea and Belgian Blanche brewing techniques. “Our collaboration with the Jim and Dad’s Brewing Company of Taiwan is a celebration of cross-cultural brewing. A global-first landmark, it signifies an unprecedented confluence of cultures, with the ancient Taiwanese tea tradition meeting Latambarcem’s Belgian Blanche brewing expertise. It has strategically been launched across two globally sought-after destinations, so that craft beer connoisseurs from all over the world can witness and experience the coming together of two diverse worlds,” said Aditya Ishan Varshnei, Co-Founder and CEO of LB Brewers.

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MAKA di Oo-Long Blanche combines delicate notes of Red Oolong tea with the refreshing taste of wheat beer, crafted by incorporating Oolong tea leaves during brewing. “Being able to share the unique flavour of Taiwanese Oolong tea with India, and also bringing some of India’s flavours back to Taiwan made the collaboration totally worthwhile. Our team had a great time visiting Goa and exchanging brewing techniques with our Indian counterparts. We hope this beer can serve as a great introduction to both cultures in our respective markets,” said Jim Sung, Co-Founder of Jim and Dad’s Brewing Company.

LB Brewers solidifies position with MAKA di Rocket Rice

This exclusive beer is available in Goa and Taipei, two vibrant craft beverage hubs. Priced at INR 150, MAKA di Oo-Long Blanche features a 4-5% ABV, appealing to craft beer enthusiasts.

Continue Exploring: Meesho registers reduction in net loss by 81.8% to INR 304.9 Cr in FY24

Following the successful launch of MAKA di Rocket Rice Lager, LB Brewers solidified its position in India’s craft beer sector and beyond. Their product line is popular in Goa, Uttar Pradesh, the U.S., Canada, and UAE markets.

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Zomato introduces ‘Book Now, Sell Anytime’, allows users to resell event tickets

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Ashutosh Dubey
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Zomato introduces 'Book Now, Sell Anytime’, allows users to resell event tickets

Zomato has launched a new feature called ‘Book Now, Sell Anytime’ on its app. This allows users to buy event tickets in advance and resell them on the app if their plans change at the last minute.

Ticket isn’t sold by November 16 will automatically return to users – Zomato

The company announced on Tuesday, November 12 that users can book tickets for the annual Zomato Feeding India Concert on the Zomato app. The concert, featuring American artist Dua Lipa, will be held on November 30 in Mumbai. If users can’t attend, they can resell their tickets on the app at the original price, according to a post on Instagram.

Continue Exploring: Simpli Namdhari’s introduces “Vocal for Local” to empower Karnataka’s local FMCG brands

If the ticket isn’t sold by the November 16 deadline, it will automatically return to the user’s account. According to Inc42, Zomato has set a limit of 10 tickets per customer. “If all tickets from a single order are listed and successfully sold, the full amount, including the handling and convenience fees, will be credited to your account within 7 working days,” the post read.

Ticket reselling feature on Zomato app, ahead of ‘District’ 

Notably, the tickets that have been purchased by another user can’t be listed again. The ticket reselling feature is being introduced ahead of the launch of Zomato’s District app. Previously in 2024, Zomato bought the movie and events ticketing business of Paytm for INR 2,048 crore in an all-cash deal. The company’s events business grew quickly in the second quarter of FY24-25 after acquiring Paytm Insider.

Continue Exploring: D2C hair care Arata reports 50% revenue growth, sales surges by 1.5x 

Furthermore, the gross order value (GOV) of this sector increased by 171% year-on-year and 46% quarter-on-quarter, reaching INR 1,849 crore in Q2 FY25. Previously, the GOV was INR 1,268 crore in Q1 FY25 and INR 682 crore in Q2 FY24.

Moving forward, Zomato’s going-out arm saw a significant 214% revenue growth, increasing to INR 154 crore in Q2 FY25 from INR 49 crore in Q2 FY24. Deepinder Goyal, founder and CEO of Zomato, mentioned last month that the District app is expected to go live in the next month.

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Armani Beauty makes Indian debut with flagship store launch in New Delhi

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Ashutosh Dubey
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Armani Beauty makes Indian debut with flagship store launch in New Delhi

Italian luxury fashion house Armani‘s beauty arm, Armani Beauty, has opened its first flagship store in India at DLF Promenade Mall in Vasant Kunj, New Delhi. The launch marks a significant milestone for the brand in the Indian market.

Bollywood actress Athiya Shetty adds glamour to opening

Notably, Bollywood actress Athiya Shetty attended the inauguration, adding glamour to the event.

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“Setting new standards in luxury with the launch of India’s very first Armani Beauty flagship store… This isn’t just any beauty store; it’s a meticulously curated space that truly embodies the elegance and sophistication of the Armani brand,” said Biju Kassim, CEO – Beauty at Shoppers Stop.

Shoppers Stop’s distribution arm introduces Armani fragrances

Meanwhile, the launch was driven by Global SSBeauty Brands (GSSB), Shoppers Stop’s distribution arm, which introduced Armani fragrances to India in 2023. Shoppers Stop also launched boutiques for Bobbi Brown and Jo Malone London at DLF Promenade, in collaboration with Estée Lauder.

Continue Exploring: IISc develops eco-friendly, recyclable foam for FMCG packaging

Furthermore, the Armani Beauty store offers high-end, globally recognized luxury products to Indian consumers. “It’s more than just a beauty store—it represents the merging of sophistication, luxury, and cutting-edge beauty solutions,” said Kassim.

Established in 1991, Shoppers Stop Ltd. operates over 106 department stores across 56 cities, 50 Intune value fashion stores, and 23 airport locations.

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Simpli Namdhari’s introduces “Vocal for Local” to empower Karnataka’s local FMCG brands

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Ashutosh Dubey
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Simpli Namdhari's introduces "Vocal for Local" to empower Karnataka's local FMCG brands

Simpli Namdhari’s, India’s only 100% vegetarian omni-channel retailer, has unveiled its “Vocal for Local” program to support local FMCG brands in Karnataka.

The initiative aims to provide emerging brands with premium retail platforms, helping them reach broader audiences without hefty listing fees.

Simpli to offer space and opportunity to five FMCG food brands 

Under this program, Simpli Namdhari’s will select five innovative FMCG food brands quarterly, offering shelf space and sampling opportunities. The focus is on bootstrapped brands from Karnataka, particularly those founded by entrepreneurs struggling to access wider markets.

Continue Exploring: Wheelocity secures $15M in series A2 funding, plans FMCG expansion

“We are deeply connected to Karnataka and committed to fostering its diverse entrepreneurial spirit. This initiative aligns with our mission to uplift local brands, offering them a pathway to growth that otherwise would be out of reach,” said Gurmukh Roopra, Group CEO of Namdhari Group.

Supporting local businesses has a ripple effect on community – CEO

By supporting local businesses, Simpli Namdhari’s aims to create economic opportunities, promote job growth, and foster community connections. “Supporting local businesses has a ripple effect on the community. Every purchase boosts our local economy, creates jobs, and keeps money circulating within the region,” Roopra added.

Continue Exploring: Swiggy shuffles leadership in delivery and Instamart to boost operations before IPO

With its “Vocal for Local” initiative, Simpli Namdhari’s reaffirms its commitment to empowering local businesses. By providing a platform for small-scale brands to succeed, the retailer is building a resilient community and paving the way for a vibrant retail environment in India.

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D2C hair care Arata reports 50% revenue growth, sales surges by 1.5x

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Ashutosh Dubey
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D2C hair care Arata reports 50% revenue growth, sales surges by 1.5x

Arata, a hair care brand based in Delhi NCR, saw its sales increase by 1.5 times during the financial year ending March 31, 2024. The D2C startup’s revenue grew by 50%, reaching INR 21 crore in FY24, up from INR 14 crore the previous year, showing strong demand.

Arata appears on Shark Tank, available on Blinkit, Instamart

The D2C startup, which appeared on the TV show Shark Tank India, makes most of its money by selling products on its website and on marketplaces, including quick commerce platforms like Swiggy Instamart and Blinkit.

Continue Exploring: Swiggy shuffles leadership in delivery and Instamart to boost operations before IPO

Established by Dhruv Madhok and Dhruv Bhasin in 2018, Arata offers over 26 products across four categories. The startup says all its products are developed after thorough research and tested rigorously at a French lab in India before being sold. Their PETA-certified cruelty-free vegan products are also certified by Safe Cosmetics Australia and EWG.

Meanwhile, the startup not only increased its revenue but also reduced its net loss thanks to better margins. Arata’s loss decreased by 54%, from INR 9.4 crore in FY23 to INR 4.3 crore this year.

Arata raises over $1 Mn till now

Despite increased sales, the startup managed to keep its expenses nearly the same in FY24. Total expenditure was INR 26.5 crore, almost unchanged from INR 26.6 crore the previous year. They spent INR 6.4 crore on raw materials, a nearly 3% drop from the previous year. Employee costs rose 6%, from INR 3.3 crore to INR 3.5 crore. Advertising costs were reduced by 39%, from INR 11 crore to INR 6.7 crore.

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The startup mainly sells shampoo, conditioner, hair gel, and serum, as well as body wash products. So far, it has raised over $1 million from investors like DSG Consumer and Nikhil Vohra. 

Notably, Arata competes with brands like WOW Skin Science, Pilgrim, and Mamaearth in the personal care market.

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Wheelocity secures $15M in series A2 funding, plans FMCG expansion

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Ashutosh Dubey
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Wheelocity secures $15M in series A2 funding, plans FMCG expansion

Wheelocity, a supply chain network for fresh products, secured $15 million (INR 126.5 crore) in Series A2 investment round. This was led by existing investor Lightspeed, with participation from Alteria Capital, Anicut Capital, and the company’s founder, Selvam VMS.

Wheelocity to reach 20,000 towns and villages in next year

According to INC42, the startup aims to expand beyond essentials like fresh produce and groceries, into non-food FMCG items, staples, household essentials, and other products. With the new funding, the startup aims to reach 20,000 towns and villages over the next year, targeting 10 million consumers. Currently operating in Tamil Nadu, it plans to expand into South Indian states such as Karnataka, Telangana, Kerala, and Andhra Pradesh.

Continue Exploring: Swiggy shuffles leadership in delivery and Instamart to boost operations before IPO

Notably, Wheelocity plans to upgrade its technology and increase its presence to serve semi-urban and rural customers more effectively. The company’s growth strategy involves advancing its online platforms, expanding local networks, and strengthening its teams in management, operations, product, and engineering.

Wheelocity raises total $27 Mn led by Lightspeed and others

For now, the company has secured $27 million. In 2022, they secured $12 million in Series A funding, led by Lightspeed Venture Partners and Anicut Capital, combining equity and venture debt. Selvam VMS, the founder and CEO, said their goal is to create a commerce system tailored to the unique needs and opportunities of these markets.

Established by Selvam VMS and Senthil Kumar in April 2022, this supply chain startup aims to tackle supply chain issues for fresh commerce in India. For initial days, it operated as a B2B model working with ecommerce companies, but in October 2023, it shifted focus. Now, it aims to create a semi-urban and rural ecommerce platform.

Continue Exploring: Flipkart adds 10,000 EVs to fleet, targets full switch by 2030

“We reached product-market fit around February-March this year when we were present in just 30 villages. Now, we are present in 3,500 villages and have experienced significant growth. We have scaled up to 100X over the last six months. Our next goal is to expand to 20,000 villages within the next year,” Selvam said while talking to INC42.

Meanwhile, the startup uses a “phygital” model, combining physical and digital services, to reach semi-urban and rural consumers in India, where access to essential products is limited. Focusing on fresh and grocery products, the company delivers daily to towns and villages through a high-frequency supply chain. Consumers can order via a mobile app or buy directly from three-wheel electric carts that visit their villages.

“This offline presence builds trust with consumers, encouraging them to gradually shift to online purchasing,” the CEO further said.

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